Market Color, September 17: SushiSwap attack, Head of Product at OpenSea resigns, Avalanche raises $230M in a token sale to institutional investors, & more.
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- Coinbase filed an application with the National Futures Association on Wednesday to register as a futures commission merchant.
- Yesterday the El Salvador bond spreads to U.S. Treasuries hit a record high. This is leading to investors fearing that El Salvador will not reach a potential $1Billion loan agreement with the IMF and would then face negative credit implications linked to its use of bitcoin.
- Head of product at NFT marketplace OpenSea Nate Chastain, has resigned following allegations of insider trading.
- Tether has released a statement saying that it doesnât hold any commercial paper issued by the Chinese real estate giant Evergrande.
- Binance CEO has acknowledged in a TV interview that Binance’s global, decentralized operation with no headquarters does not go down well with regulators.
- A NFT auction on the MISO token launchpad built on SushiSwap has been exploited, with the attacker making off with roughly $3 million in ether, SushiSwap CTO tweeted on Thursday âan anonymous contractor injected malicious code into Misoâs front-end in a supply chain attack.”
- Skybridge is planning to launch a new ETF according to the filing before the SEC. The new fund is called the âFirst Trust SkyBridge Crypto Industry and Digital Economy ETFâ.
- Avalanche has raised $230 million in a token sale to institutional investors, led by Polychain and Three Arrows Capital.
- SkyBridge announced at the SALT conference that they have raised more than $100 million toward the newly announced Algorand fund.
- Abra has raised $55 million in Series C funding to develop new offerings geared toward high-net-worth and institutional clients.
- Franklin Templeton, who currently has $1.5 trillion in assets under management, is seeking to raise $20 million for what appears to be the investment firmâs first blockchain venture capital fund.
- Greenidge Generation Holdings said it will buy 10,000 crypto mining machines for its planned new facility in South Carolina.
- The Southeast Asian nation of Laos changed its official policy authorizing six companies to trade and mine Bitcoin in a trial run while the government begins to draft regulations about its use.
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